India and the UK put in place safeguards to protect India’s steel exports as the India-UK free trade agreement (FTA) moves toward operation on 15 July, according to multiple reports. The measures address concerns that new UK trade curbs could limit market access for Indian steel exporters once the FTA begins. One account says India negotiates protections so that about 85% of Indian steel exports to the UK are shielded from British restrictions. The remaining share is reportedly covered through country-specific quotas and other access arrangements. Another report characterizes the outcome as a breakthrough that clears a key hurdle for the FTA rollout, with India securing safeguards for its steel exports despite the UK’s new trade measures. Overall, the sources agree that the agreement on safeguards is intended to ensure continuity of steel trade flows under the FTA and reduce uncertainty for exporters as the pact takes effect on 15 July.
India secures safeguards for most steel exports under India-UK FTA ahead of July 15 start
India and the UK put in place safeguards to protect India’s steel exports as the India-UK free trade agreement (FTA) moves toward operation on 15 July, according to multiple reports. The measures addr...
- India secures safeguards for steel exports to the UK as the India-UK FTA takes effect on 15 July.
- About 85% of Indian steel exports are reported to be shielded from UK curbs.
- The remaining exports are covered through country-specific quotas and other access schemes.
- The safeguards resolve a key sticking point ahead of the FTA’s operationalization.
- UK trade measures are referenced as the reason safeguards were negotiated for steel exports.
India has secured safeguards for steel exports under the India-UK FTA, easing concerns over UK restrictions as the trade pact takes effect on July 15.
2 months agoIndia has secured protection for 85% of its steel exports to the UK under the upcoming free trade agreement, with the remaining shipments covered by country-specific quotas and other access schemes. This agreement resolves a key sticking point ahead of the Comprehensive Economic and Trade Agreement's operationalization on July 15.
2 months agoIndia secures safeguards for steel exports as London's new trade measures loom, clearing a key hurdle for the India-UK FTA rollout.
2 months ago
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